With ParPlus Junior, you can secure the future of your child and provide adequate coverage for him or her.The policy provides a safe investment platform for your child and it offers guaranteed cash value and also pays an annual dividend. There are five different dividend options available for the policyholder to choose. The dividends obtained from this plan can be used to reduce your premiums and they can equally be used to procure extra permanent insurance for your children. The premiums for this plan are guaranteed and they will never increase, however, the dividend sum paid could vary.
ParPlus covers youths whose falls between 15 days and 17 years. In addition, the plan offers a 20-year pay. This means that you can pay your premiums over a 20-year period. Furthermore, the protection or coverage benefit for this plan ranges from $5,000 to $4,000,000 and coverage from $249,999 and below does not require any medical exam.
Learn more about other life insurance options from these informative articles.